Skip to main content

About your Search

20121129
20121207
STATION
CNBC 10
MSNBCW 5
CNNW 4
FBC 4
CSPAN 2
KGO (ABC) 1
MSNBC 1
WBAL (NBC) 1
WJLA (ABC) 1
WRC (NBC) 1
LANGUAGE
English 38
Search Results 0 to 37 of about 38 (some duplicates have been removed)
a function of doing both of the things you talk about, joe. having an agreement to avoid the debt, the fiscal cliff, and then having a down payment on actually getting the $4 trillion identified. >> howard dean is a deficit hawk. liberal, but he is a deficit hawk. he doesn't say maybe if we can't get a deal together, maybe we'd be okay with the fiscal cliff. he says that is the best deal for everyone, the best deal for progressives, just to do it. to go back to the clinton era rates. you get rid of three quarters of the deficit just on tax increases at that point. >> and he says you get defense cuts. >> you can't get defense cuts any other way. and he's not the only one. there's a lot of people on the left and there's quite a few people on the right. i'm glad you're optimistic and a lot of ceos and guys in your position -- if you run a company, you don't need consumers petrified and business people petrified. this is the last thing we need if you run a company. i understand you have a horse in the game. >> but you also have the double trigger. if you go over the cliff, we've got the debt ceil
about this fiscal cliff and the $16 trillion debt is the taxes and what we're leaving to our kids and grand kids. i hate to pour cold water on this, bill. poor charlie. >>> all right. we have the closing countdown next. >> after the bell, we'll hear from somebody who says entitlements didn't cause our debt problems, cuts to them shouldn't be part of the fiscal cliff solution and the negotiations continue. you're watching cnbc, first in business worldwide. d... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir.
the debt. that's the fiscal cliff deal of the day and the market likes it and the numbers are 5, 16, 22, 23, 29, and the powerball is 6. you lost. the government won. "varney & company" is about to begin. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, . . >> . stuart: it's a modern day tea party. it's a revolt led by corporations. the wall street journal reports 173 companies announced they'll pay special dividends for shareholders before the end of the year because a big tax increase on dividends could be coming next year and many companies moving up regular dividends to save their taxpayers, to save taxpayers a lot of money. start with disney. it's raising its dividend and paying it out on december 28th. that's 1.3 billion dollars paid out in total, paid out under the current tax rate. and las vegas sands paying a special dividend, that's a one on shot. 2 and 1/4 billion total. half of that will go to sheldon adelson. costco 3 billion, special divi
of the fiscal cliff stuff. do we raise the retirement age to ease our debt? >>> treasury secretary tim geithner will speak later to steve leisman about the fiscal cliff talks. we'll have a preview and discuss what traders want to hear. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ >>> goldman sachs earlier today cutting its outlook for gold and prices are closing right now. we have about a $2 loss in the gold market. sharon epperson is
anything to do with the fiscal cliff and neither does the debt ceiling. this is strictly a matter of statutory provisions that go into effect on january 1st, but they want to burden up this and muddy the water to basically, i think, to refuse to do a deal. >> right. because over in the senate, as i was saying, mitch mcconnell is refusing to even consider the president's proposal to maintain the bush tax cuts for those earning less than $250,000 a year, but to raise taxes on those earning more. now, today short of a sol solution, he offered a series of ideological insults. >> only reasons democrats are insisting on raising rates is because raising rates on the so-called rich is the holy grail of liberalism. their aim isn't job creation. they're interested in wealth destruction. >> sir, can you explain what mr. mcconnell is doing resorting to rants about the holy grail of liberalism when every poll since the election shows that a majority of americans believe support taxes going up on the wealthy for the good of the country. >> mitch is not making in he sense but this is not the fir
. president obama's first offer fiscal cliff, higher taxes, new spending and power over the debt spending. and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how are you. >> i'm great. stuart: i can't believe that you, as a regular american, want to do this to america, do you? >> i think it's because-- i don't think that this is exactly what what's going to happen. stuart: you don't think that the president will actually do this. >> no, no, i think the president has learned to negotiate. what the president would do, he would start with sort of half a loaf and negotiate and give the republicans about 75% of what they wanted. i think he's finally understood if you want to actually get to at least halfway, you have to start at extremes and meet halfway. republicans have done this all along. stuart: you agree with me, if this plan, anything like it from the president, were imposed on the economy at this time it would lead to recession. >> i think that the p
, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to be impossible to address our country's debt crisis. and get our economy going again and to create jobs. so right now, all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. with that i'll take a few questions. >> speaker boehner, why will you not tell democrats what specific spending cuts you would like to see, especially within en titlements? >> it's been very clear over the last year-and-a-half, i've talked to the president about many of them. you can can look at our budget. where we outline very specific proposals that we passed in last year's budget and the budget from the year before. we know what the menu is. what we don't know is what the white house is willing to do to get serious about solving our debt crisis. >> so your 2011 position still stands then? are you still o
, with the european debt crisis looming and that fiscal cliff still unresolved, the robin report's robin lewis thinks many luxury buyers may be holding back this holiday season. >> i think that will cause some cautious spending in the last holiday season, in the last quarter. and if the resolve is made to increase the tax rates of the rich, it will definitely hit the pocketbooks. >> reporter: and there's no doorbusters for luxury players. they're banking on their price premiums and their quality to drive sales. later today, carl, i'll sit down with burberry ceo. we'll talk about all things luxe. >>> straight ahead, why the secret to housing reform might be reforming the fha itself. >>> a little bit laeter, how to play the retailers ahead of this holiday season. "squawk on the street" is coming right back. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and...
to change to not santa but to the white house. >> jamie: maybe santa will help with the fiscal cliff. >> eric: man, does santa need to help with this one. no proposal, have you heard about this? it deals with the debt limit. the president wants to take congress' power away over that to do it himself. republicans say what? some on wall street, though apparently support it. we'll fill you in. >> jamie: also, the freight train that carried dangerous chemicals and derailed it, literally jumped the tracks. investigators are out there today. they say they may know what contributed to the crash. it really affected residents trying to cope. >> we have the workers coming in. we are asking them questions like what is going on, how is it going, what are we supposed to do? it seems no one knows anything. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. >> jamie: stories making headlines this hour, taliban homicide bomber attacking a joint u.s. and afghan base in afghanistan. five afghan seasonals k
, protect american jobs and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reform, it will be impossible to address the debt crisis and get our economy going again and create jobs. so right now all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. time for the president, congressional democrats to tell the american people what spending cuts they're really willing to make. with that i'll take a few questions. >> doctor would you not tell democrats what specific spending cuts you would like to see? >> it's been clear over the last year and a half i've talked to the president about many of them. you can look at our budget where we drought line very specific proposals that we passed in last year's budget and the budget in the year before. we know what the menu is. what we don't know is what the white house is willing to do to get serious about solving our debt crisis. >> so your 2011 position still stands then? are you still offering those talks from 2011, is that still a debate is this? i'm not going to ge
in cairo. we will have the latest on that coming up. if you are sick of all this fiscal cliff talk. wayne rogers is also. wayne has the answer to all of our debt problems. he is coming up a little bit later on. first, speaking of markets, let's take a look at current fees and how are faring against the u.s. dollar. ♪ ♪ [ engine vs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz deer. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >> 521 minutes past the hour, i
and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our countries debt crisis and get our economy going again and create jobs. right now, all eyes are on the white house. our country does not need a victory lap, it needs leadership. it is time for the president and congressional democrats to tell the american people what spending cuts they are really going to make. with that, i will take a few questions. [inaudible question] >> we have outlined very specific proposals that we passed in last year's budget and the budget before. we know what the venue is. what we do not know is what the white house is willing to do to get serious about solving our debt crisis. [inaudible question] >> i am not going to get into the details. it is very clear what kind of spending cuts need to occur. we have no idea what the white house is willing to do. [inaudible question] >> no, no, no. stop. i have to tell you, i am disappointed in where we are. i am disappointed in what has happened over the last couple weeks. with the
is standing in the way now of a fiscal cliff solution. we're back in two. >>> it wasn't until the debt ceiling lauz but born with an . >> you know, i beg to differ, mr. president. to me, i understand the use of its is a weapon but to me the real problem isn't the debt ceiling. it's the debt. the debt is the problem. you know, to have an unlimited amount of money to call upon is too much power power for one person. it's always in our country been about checks and balances but i think this administration just wants more checks and no balancing of the checkbook. that isn't the kind of check and balance that i think the people that wrote the constitution had in mind. now, let's look at it a different way, when we think of, you know, some good entertainment, there's, you know, bob hope, the road to morocco, the road to singapore. i don't think that we want to have a movie someday called the road to the weimar republic because bob hope was in the old movies. there's no hope in that new movie and i think this issue really has to be discussed. now i understand there's issues about compromise and every
would be to actually fall off the fiscal cliff. that would necessarily make the difficult choices that congress and white house seem unwilling to make. tom schatz says that congress has a very typical way they approach these kinds of spending cuts. here he is again. >> with overlap and duplication is the proclivity in washington to create a program to solve a problem. something's wrong. we're not doing it right. we're falling behind in science and math. let's create five new programs. that has been the approach. >> reporter: as we speak treasury secretary tim geithner is meeting behind closed doors with the white house point man on congressional affairs with senate majority leader harry reid. perhaps we'll learn more about what kind of spending cuts the democrats are proposing after that meeting is done. jenna, back to you. jenna: we'll talk a little more about that now, doug. thank you very much. jon: yeah. let's go behind the scenes of the talks to avoid the fiscal cliff. it seems the framework for a deal actually might be taking shape. if so, what will it look like? david druck
. >> republicans offered a plan to avoid the fiscal cliff through significant spending cuts. >> we put revenue on the table as long as it's accompanied serious spending cuts to avert the crisis. >> the bipartisan bowl deficit plan had savings worth pursuing. >> they identified $1.1 trillion tax expenditures, benefits, deductions, credits and the like that could be cut as part of a grand bargain. i think we ought to look at that flat ten the code simplify it. >> harry reid told reporters yesterday he would like to get credit for what congress has previously cut. >> we have already done more than a billion dollars worth of cuts. >> the top democrat in the house took a similar approach. >> it is important to know that we have already agreed to over a trillion and a half dollars in cuts at both budget control and others in this session of congress. so now we are looking to see if we can do that. >> though asked what she would be willing to slash as part of this deal rank and file house members say they realize more must be done now. >> we get a senfolks making a mn dollars a year maybe they aren't
to strike a deal before the end of the year on reducing the national debt to avoid that fiscal cliff. republican aid describe the tentative white house proposal this way. $1.6 trillion in revenue presented by secretary treasury secretary timothy geithner and stimulus and $400 billion in medicare and other entitlement savings. a permanent increase in the debt limit. >> so, let's get more on the standoff right now. joining us senator bernie sanders of vermont. he caucuses with the democrats. senator, first of all, congratulations on your re-election. thanks for coming in. republicans say, you know what, they'll be flexible, but the democrats have to be flexible, too, especially when it comes to entitlement spending. medicare, medicaid and even reform. are you open to any of that? >> when republicans talk about being flexible, we have not heard one definitive word to what they mean. second of all, our republican friends look up and understand that this issue of the fiscal cliff was debated during the election and, you know what, mitt romney lost. obama won. the american people are very
the fiscal cliff and caterpillar's ceo joins us from the nyse to talk about the fix the debt campaign and more. you know anything we don't know, doug, that you can tell us about how this finally looks and whether we do it? >> i don't know if i know any more than you do or not, joe, but we've all been working hard to impress upon our leadership in washington how important this is not to go over the cliff. we had good sessions with republican leadership, democratic leaderships and with president obama in the white house. nobody over there wants to go over the cliff at this time, there's nothing that wants to do it. >> once we get over it, we hope it's a bridge to something that will help you and caterpillar compete better in the world. after the cliff, what do you want? is there any emphasis on corporate tax reform that we need or how to bring $2 trillion back to this country? aren't those things, did you talk about any of those or the cliff? >> we talked about all of those, long-term competitiveness for our country, immigration reform that needs to happen, and there's a lot of bipartis
the fiscal cliff. in a twist, the retailer is issuing $3.5 billion in new debt to pay for it as a trait up payout would have exlahausted mh of its cash reserves. brian, the news with troor italy, it has gone to auction and raised a total of just show of 3 billion euros. ten year yield 4.45%, bid to cover did come down. the five year yield 3.32%. also lower bid to cover, but a total of $3 billion for the five year, just about $3 billion for the ten year. that's consistent with the rally we've been seeing. ten year at 4.5% there. yield lowest since november 2010. now, moving back over to the corporate side, brian reynolds is still with us. i want to talk about the trentd of companies borrowing in order to pay out dividends. it would be one thing if they were putting the cash piles we know they have to work. what do you think about them tapping debt markets for the purpose? >> as i said earlier, demand for corporate bonds is insatiable. they're willing to buy anything that any company will issue. so if you are a ceo of a company and rates are at historic lows, it makes a lot of sense to tap t
the fiscal cliff meant. yeah. 2013. the next story involves a new grassroots campaign that is starting. meant to draw attention to the nation's debt crisis. it is our "favorite story of the day." the campaign is called -- "the can kicks back." aimed at young people and features former republican senator allen simpson, a rather spry allen simpson at that. >> stop instagraming your breakfast and tweeting your problems and getting on youtube so you can see gangnam style. >> gangnam style! >> ha-ha. >> shake what your mama gave you, allen. >> mercy me. mercy me. loving this. >> 81-year-old allen going gangnam style. best empregs impression of psy. >> america at its finest. the campaign urges young people to use socialed me y to get people to sign a petition calling for a bipartisan solution to the nation's $16 trillion debt. i will give $100 if he just stops. stops. >> keep going. he dances better than me doesn't he? >> that's impressive, man. >> it is. >> how serious he is about the debt. get up and do gangnam style. >> serious point you have to inform yourself on what is going on. please do. >>
'll be talking exclusively to two of the nation's top ceo on how the fiscal cliff will impact their businesses. that's later on in "the closing bell." stay with us. back in a moment. [ male announcer ] if you suffer from heartburn 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. >>> welcome back. the fight over the fiscal cliff heating up with both parties accusing the other of failing to offer substantial plans. >> to this point, that's right. without a deal, automatic spending cuts and higher taxes will kick in january 1st. that's something our next guest wants to avoid. we welcome back democratic congressman charlie rangel of new york. good to see you. welcome back. >> good to be back. >> we're at that awkward part of t
. this is about the debt. it's about the fiscal deficit. it's about our economy. it's about our future. it's about our children. and president obama is playing a very risky game. because in the end, this is his presidency. and you're going to look back and have a bar chart of deficits and debt. and there's not going to be an asterisk that says it was the republicans' fault. i think we've got to stop playing poker, work together and understand we're working to save the country. >> that might be the long game. the asterisk in history books later. right? the short gain is raising taxes. that really is what everything is focused on right now. and i think, nan, it's fair to say that could be a big problem for republicans. all polls indicate that it's going to be the republicans that hold the bag if you end up not raises taxes on people who are perceived to be very wealthy who could afford it. >> well, there is the -- there are the atmospherics and then there are the economic realities. of course, if you look at a lot of the polling surrounding the election and post election exit polling show that, in f
to handle the fiscal cliff? 48% believe president obama and republicans will reach an agreement but 43% say they won't. meantime, president obama is giving a stern warning to republicans who may be trying to use the debt ceiling as leverage. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which by the way we have never done in our history until we did it last year, i will not play that game. >> we should say that the president and house speaker john boehner did speak by phone yesterday. that was the first time in a week. no one is saying what the conversation was about. shortly after that call treasury secretary tim geithner went on cnbc and said the white house is ready to go off the cliff. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff in. >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. it's only 2%. >> i want to bring in "usa today" b
to talk about what it will take to reach a compromise in washington to avoid the fiscal cliff, ring the bell. plus, we've got breaking economic data due out at 8:30 eastern. economists looking for 395,000 jobless and expects q3 gd to rise by 2.8%. start taking notes. we'll see you very shortly. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. >>> welcome back to "squawk box" this morning. ceos from all around the country t
to raise the debt limit whenever he wants by as much as he wants, he showed what he's really after is assuming unprecedented power to spend taxpayer dollars without any limit at all. >> even as the fiscal cliff negotiations drag on in washington, wall street seems to be basically unphased. the dow jones has slipped only about 200 points since the election. why isn't wall street more on edge itself? william cohen is the author of "money and power, hold goldman sachs came to rule the world." the labor department came out with the applications for unemployment aid saying it fell sharply for the last week and stocks basically opened flat this morning as we've seen. some of that has to do more with europe than it does with washington. but what is your reasoning for why wall street hasn't displayed more of an impact from this fiscal cliff nonsense? >> thomas, what wall street hates most of all is uncertainty and it's counterintuitive, there's actually plenty of certainty now. what's going to be certain is taxes are going up. either we go off the cliff or the curb and then taxes rise for
to protect the economy, protect the american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reform, it's going to be impossible to address our country's debt crisis and get our economy going again and create jobs. right now all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president and congressional democrats to tell the american people what spending cuts they are really willing to make. i'll take a few questions. it's been very clear over the last year and a half, i talked to the president about many of them. you can look at our budget. where we outline very specific proposals that we have in last year's budget and the budget from the year before. we know what the menu is. but what we don't know is what the white house is willing to do to get serious about solving our debt crisis. i'm not going to get into the details, but it's very clear what kind of spending cuts need to occur, and -- but we have no idea what the white house is willing to do. >> at this point, most pu
morning. thanks for taking my call. my comment is about the fiscal cliff and social security, i don't really think that social security has really ever been a cause of the deficit. there's more funds coming in than there is funds being sent out in checks. and this whole security tax is a separate tax from the federal tax. and -- host: so this proposal includes the extension of the payroll tax cut. what do you think of that proposal? >> i think that's fine. i think extending the payroll tax is probably something we're going to have to look at doing. but when they start talking about using social security money, that botters me, because social security is never needed -- has never needed federal dollars before to fund the program. host: ok. off of twitter this is reding who says they have not offered a deficit reduction plan. republican big pledges tax reform and closing unspecified tax loopholes. arthur, good morning. go ahead. what do you think about the proposedal? caller: i think the proposal is kind of ludacris. but i really think that the republicans should back away. they shou
for joining us this morning. we appreciate it. >>> 33 days until the fiscal cliff. we just keep talking about this. while politicians try to sell their plans of first big negotiations get under way with treasury secretary tim geithner headed to capitol hill for separate meetings with congressional leaders. we'll have much more on "starting point" as well. >> and best advice before we go, too. don't go away. ♪ ♪ make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. with scottrader streaming quot
think the president understands what needs to be done to not only take care of the fiscal cliff but also take care of the concerns of the job creators, you know, make sure that the economy not only -- not only that we move towards a more balanced approach towards solving the debt but also that we grow the economy? did he seem to get that yesterday? >> yeah, i think without a doubt, he understood that the fiscal cliff issue was just short term in nature. it's something that needed to get moved on. but the bigger issue was still tax reform for business, making sure that businesses could be globally competitive, dealing with the immigration issues and s.t.e.m. and moving on with regulation because ultimately he did ak knowledge that it is the business community that creates jobs, and jobs are the path to growth, and growth is the path to more revenue. absolutely. >> let's go to pulitzer prize winner, jonathan capehart. jonathan, i tell you what, pieae is breaking out all over the place, howard dean admitted that we had to cut medicare. michael steele admitted we had to raise taxes. and you
got props. the clinton era rates which america will return to in january unless the fiscal cliff is resolved. it brought more revenues than at any point in the 1980s. thank you. [ applause ] >> grover! >> stephanie: norquist and maria commented this is a different environment than the 1990s. grover said we got four years of bad regulation, higher taxes. he wants to add more taxes to the tea party too. it will starve tea party i if obama pushes us over the cliff. [ screaming ] >> can't just wait for tea party three. >> probably about 150 billion. >> stephanie: that would be bad. okay. oh, let's see. phillip in durham disagrees with everything i say. about everything? >> ever! >> stephanie: hi, phillip. >> caller: hi, stephanie. look. appreciate the show. i think you have not been fair to the facts and let me just ask you from the -- what we're talking about -- >> stephanie: the facts are oversensitive in my opinion. >> caller: that's why you're better as a comedian than a political pundit. >> stephanie:
with a lot of ceos, a lot of corporate boards. from your perspective, what impact is the fiscal cliff having with regard to the situation? we've seen today a number of special dividends announced, debt finance acceleration of special dividends. what is your perspective on this and the impact on corporate leaders and boards? >> you know, i think it's quite fluid. even quite fluid with individuals. you had steve ratner on here last week. he went over right after you the next day and his predictions where consumer is strong and we're seeing a big gap between where ceos are who are much more pessimistic. as steve was arguing, they're holding back and expecting the cliff is going to come and we're going to go over the cliff and the consumer and the individual investor in some cases don't understand that. and yet i just saw yesterday on another network, steve ratner was saying, you know what? i'm hearing different things now. it looks like we may, in fact, somehow keep this from careening off the cliff. so we're seeing an awful lot of people that are unsure how to read this in the course of a day.
's savannah. >>> new movement this morning to try and avoid the fiscal cliff. some republicans are considering abandoning their staunch opposition to higher tax rates according to recent reports. alan simpson was co-chair on the commission of fiscal responsibility. he's a co-founder of fix the debt campaign and joins us now. senator simpson, good morning, it's great to see you. >> great pleasure to be off the witness protection program and come here. but what even more fun, david brubeck used to come to wyoming a great deal. he and his family, lovely people. i did not know he had passed. and to hear that music, it's iconic stuff. anyway. so it's good to sneak in and get made up, try to hide my identity. >> well, it's good to have you here. you say you're in the witness protection program because you've been out there on the issue of how we fix our national deficit. as you well know, we face the fiscal cliff, a series of tax hikes and spending cuts that many people think if they go into effect will put the country into recession. yet we heard the treasury secretary tim geithner say the presiden
the problem? so the fiscal cliff would address the deficit problem. it is $5.5 trillion to the deficit. nobody wants it to happen. you know, the interesting thing about the president's proposal, i disagree with the stimulus spending being included. i support stimulus spending but that is kind of an extraneous issue right now. the cliff is basically the expiration of the tax rates and the across the board spending cuts of about 9% across defense and all domestic spending. that is the fiscal cliff. we shouldn't be dealing with other issues that are long term in order to avert the cliff as it were. that is immediate crisis. we have long term situation --. bill: but you know when lawmakers get a little bit of rope, you know, when they get time to think about it and push it off to the next year, it never gets done. this budget proposal, there are many who wonder whether or not even democrats could support it. the last budget that came from the white house went to the senate, it went 98-0 against it. no one voted for it. melissa: well, that was kind of a tricky parliamentary issue as well but, i do
to that is the administration prepared to go over the fiscal cliff. >> we face no prospect of agreement that doesn't involve the rates going up on the top two percent. >> brian: he also said he believes that the president needs to get control of the debt limit. that is a nonstarter. there is no way to get congress to give up control of debt limit. >> steve: republicans are saying let's cave and surrender on the tax issue. but coming up in 2013 we have leverage over the debt limit. remember the president of the united states his personal approval ratings went in the toilet. >> brian: as is the congress. >> steve: the congress didn't have as far to because they were close to the floor anyway. republicans say let's have leverage next time and the president said let's take that off of the table and from now on the president doesn't have to negotiate from congress. congress doesn't like that one bit. >> gretchen: usually when you are holding the cards in the negotiation you don't have to budge. that's the position the president and time geithner feel. they feel they hold the cards and they won the election and t
Search Results 0 to 37 of about 38 (some duplicates have been removed)